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Which of the following terms is used for the rate at which commercial banks borrow money by selling their securities to the Reserve Bank of…

3188Medium DSSSB TGT Computer Science 0 replies

Which of the following terms is used for the rate at which commercial banks borrow money by selling their securities to the Reserve Bank of India?

  • ARepo rate
  • BReverse bank rate
  • CBank rate
  • DReverse repo rate
Correct answer: A

Explanation

The repo rate is the rate at which commercial banks borrow money from the RBI by selling their securities.
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